The Dixie Group, Inc. (NASDAQ:DXYN) has been assigned an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.

Analysts have set a 12 month consensus price target of $5.00 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given The Dixie Group an industry rank of 224 out of 265 based on the ratings given to related companies.

A number of equities research analysts have commented on the company. Zacks Investment Research cut The Dixie Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. ValuEngine cut The Dixie Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th.

Shares of The Dixie Group (NASDAQ:DXYN) traded up $0.01 during midday trading on Monday, hitting $3.95. The company had a trading volume of 19,000 shares, compared to its average volume of 20,472. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 0.81. The Dixie Group has a 52-week low of $3.25 and a 52-week high of $5.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FTB Advisors Inc. lifted its stake in shares of The Dixie Group by 71.3% in the 2nd quarter. FTB Advisors Inc. now owns 28,869 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 12,016 shares in the last quarter. GRT Capital Partners L.L.C. lifted its stake in shares of The Dixie Group by 17.0% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 31,000 shares of the textile maker’s stock valued at $138,000 after purchasing an additional 4,500 shares in the last quarter. Northern Trust Corp lifted its stake in shares of The Dixie Group by 4.0% in the 2nd quarter. Northern Trust Corp now owns 31,483 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 1,198 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of The Dixie Group by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock valued at $401,000 after purchasing an additional 2,350 shares in the last quarter. Finally, Walthausen & Co. LLC acquired a new position in shares of The Dixie Group in the 3rd quarter valued at about $400,000. 61.82% of the stock is currently owned by institutional investors and hedge funds.

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The Dixie Group Company Profile

The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.

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